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Jensen Huang Confirms Nvidia, LG Partnership for Humanoid Robots and AI Data Centers
Jensen Huang has confirmed a new partnership between Nvidia and LG Group, marking another major step in the expansion of artificial intelligence beyond traditional computing. The collaboration will focus on developing humanoid robots and building advanced AI data centers, two sectors expected to drive the next phase of AI growth. The announcement came during Huang’s…
SpaceX IPO Targets $1.75 Trillion Valuation Despite Heavy AI and Data Center Losses
The SpaceX IPO is shaping up to be one of the largest public offerings in market history. Elon Musk’s aerospace and satellite company is targeting a valuation of $1.75 trillion, including the underwriters’ greenshoe option. The company plans to raise at least $75 billion, with the IPO expected to be structured as an all-primary offering,…
Oil Prices Surge 3% as Iran-Israel Strikes Test Hormuz Ceasefire, June 08
Oil prices surge 3% to $96.05 Brent amid Iran-Israel strikes and 14-week Strait of Hormuz closure, triggering OPEC+ supply crisis response.
Australia’s Data Centre Boom Eclipses Mining Surge, June 08
Australia’s data centre investment boom in NSW and Victoria now exceeds the 2010s mining boom, injecting $300 billion as AI demand surges.
Reeves Backs UK Growth Plan With £470m Industrial Fund, June 08
Reeves announces £350m chemicals fund and £120m ceramics support amid UK manufacturing energy cost crisis and political uncertainty.
NVDA Falls 6.2% to $205.10 as Supply Concerns Mount, June 07
NVIDIA stock fell 6.2% to $205.10 on June 07 amid energy supply concerns for AI expansion. Meyka rates it A with a $244 price target.
Nikkei 225 Falls 1.3% to 66,588 on Broadcom Shock, June 08
Nikkei 225 falls 1.3% to 66,588 on June 08 as Broadcom’s weak AI chip guidance sparks global tech rout. Index down from 68,786 record high.
Hong Kong Stocks Face Sharp Selloff as US Jobs Data Triggers Global Rout, June 08
Hong Kong stocks plunge as strong US jobs data fuels rate hike fears. Hang Seng faces sharp selloff on June 8 after Nasdaq crashes.
SpaceX IPO Targets $1.75 Trillion Valuation, June 07
SpaceX IPO seeks $75B at $1.75T valuation with $150B investor demand. Mega-tech offerings could create summer market headwinds, analysts warn.